On 28 July 2021, the Hong Kong Inland Revenue Department (“IRD”) released its guidance on tax issues arising from the pandemic.
On 28 July 2021, the Hong Kong Inland Revenue Department (“IRD”) released its guidance on tax issues arising from the pandemic.
On 24 February 2021, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2021-22. The forecast is that for the fiscal year 2020-21, there will be a deficit of around HKD 257.6 billion, and that the fiscal reserves are expected to become HKD 902.7 billion by 31 March 2021. The focus… Continue reading 2021-22 Hong Kong Budget
One of their major concerns of relocations to Hong Kong is taxes for expats. These expatriates are usually concerned about their individual tax position and exposures, not only in Hong Kong itself, but also in foreign tax jurisdiction(s) such as their home country. In particular, they may wonder whether there are any possible ways to… Continue reading Mitigation of Taxes for Expats in Hong Kong
Last April 2020, the Organisation for Economic Co-operation and Development (“OECD”) issued the ‘OECD Secretariat Analysis of Tax Treaties and the Impact of the COVID-19 Crisis’ (“the Analysis”). The Analysis is a practical COVID-19 tax guidance. It provides governments around the world with guidelines on how to treat unintended or adverse tax consequences that taxpayers… Continue reading COVID-19 Tax Guidance Update on Tax Treaties
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